As part of a continuing series on Spring 2017 semester courses that relate to innovation and business, this post spotlights Securities Regulation.

“Large amounts of money are not raised through bank loans; they're raised through securities,” Professor Robert Miller recently observed. “Financing transactions for a corporation or business of any size is primarily done through the capital markets.” In Securities Regulation, Professor Miller teaches students how the capital markets and securities financing work.

If you are interested in going into business law or being a transactional attorney, Securities Regulation can be an essential class. “As a transactional lawyer, you need to know how the financing of transactions works within the law,” Professor Miller explained. Securities laws provide a basic structure for security transactions, which are designed specifically to comply with those laws. Professor Miller noted that there are many different types of securities, and that the statutes and regulations have separate provisions for many of those types.

“Securities law is a statutory area where the regulations are often more important than the statutes,” Professor Miller said. The securities statutes are typically quite broad and short, while the regulations are often incredibly expansive, sometimes covering hundreds of pages.

Professor Miller hopes that students come away from the course with a basic understanding of the structure of securities law and the pros and cons of the different approaches to structuring transactions within the law.

Course Description 

This course examines the regulation and sale of securities to the public under the Securities Act of 1933 and state blue-sky laws. The course also examines remedies provided through the Securities Act. In addition, the course examines regulation and litigation under the Securities Exchange Act of 1934, which focuses on companies with publicly traded securities (Prerequisite: Business Associations).

Schedule Information

Monday, Tuesday, Wednesday | 11:30 am – 12:30 pm